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HPE raises FY2027 revenue growth outlook to 13%-17%, EPS growth outlook to 16%-20% due to surging AI networking demand.
Hewlett Packard Enterprise (HPE) Chief Strategy Officer Shannon Cross stated that the company expects free cash flow to reach at least $5 billion in fiscal year 2027. HPE also raised its AI networking orders target for fiscal year 2026 from $1.5 billion to $2.5-$3 billion, and reported quarterly AI server orders of $2.4 billion with a backlog of nearly $7 billion.
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